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Expert Analysis

Defense Lessons From Freshworks' Win In Post-IPO Case

By David Friedman, Alison Benedon and Daniel Sinnreich ( July 17, 2025, 4:33 PM EDT) -- On April 10, the U.S. District Court for the Northern District of California granted summary judgment to the defendants in Sundaram v. Freshworks Inc., a Section 11 lawsuit based on the issuer's evidence that the market absorbed any impact from a disclosure before its stock price dropped below the initial public offering price nearly two weeks later....

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